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Closed
- Listed price
- $1,325,000
- Listed Apr 4, 2018
- Sold price
- $1,310,000
- Sold Jul 13, 2018
8,398 sqft lot|1948 Built|30 MLS days on market
1024 Hoffman Ave, Long Beach, CA 90813
Property Description
Stabilized property with in-place rents at 12.5X gross, actual cap rate of 5.1%. Located just North of Alamitos Beach, only 1 mile to the ocean, close to Downtown Long Beach, the Hoffman Ave apartments offer a rare unit mix with two 4 bedroom units and three 3 bedroom units. The large lot offers two parking spaces per unit for a total of 10 spaces in an extremely parking impacted area. 3 out of 5 units have been extensively renovated with updated kitchens, quartz counters, vinyl plank flooring, and remodeled bathrooms. 4 out of 5 units were built in the 1980's, allowing a low maintenance asset. Freshly painted exterior. Clean, professionally managed building with no deferred maintenance. Dense rental market with low vacancy and strong income. High actual income allows for maximum leverage.
Listing agent: Anthony WalkerDRE #01908153Anthony.walker@buckinghaminvestments.com, Listing office: Buckingham Investments, Inc
MLS data updated 10/22/2026, 9:07:45 PM PT
Source: CRMLSMLS #: SB18077651
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$1,310,000
Jul 13, 2018
Available records22018
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
No recordNo property-price record in this range.ZIP 90813 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 0 price recordsNo records in this period
ZIP 90813 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (0)
No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.